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The White House has called on Senate Democrats to endorse President Trump’s ethics deal, which is seen as a crucial step for the passage of the Digital Asset Market Clarity Act. The Act, which aims to provide a comprehensive framework for the U.S. crypto market, has already cleared significant hurdles, including passing the House and the Senate Banking Committee. However, it faces a major obstacle in the form of unresolved ethics provisions related to government officials’ crypto holdings. The White House’s push for an agreement appears to be an effort to secure the necessary Democratic votes to reach the 60-vote threshold needed for Senate approval. With the August recess looming, the urgency to strike a deal is evident.
Key Takeaways
The White House’s latest move appears to increase optimism about the Clarity Act’s passage, as it seeks to resolve critical ethical provisions.
Market pricing suggests an uptick in the likelihood of the Clarity Act being signed into law, with the YES probability recently climbing to 47.5%.
